GameStop’s NFTs and Crypto Wallet Aren’t Going To The Moon


Last year, GameStop laid off employees and tried to chase crypto and NFTs. So, how is the company’s trip into the blockchain working out? Oh … oh, no.

According to the GameStop Wallet website, the company is abandoning its cryptocurrency wallet on iOS and Chrome as of November 1, 2023.

Image Credit: Game

In case the screenshot doesn’t load, here’s what the notification says:

Regulatory uncertainty is a pretty vague reason. If GameStop were serious about competing in this space, it would be a good idea to publish a list of politicians who were looking to regulate the decentralized currency market and have customers take action via writing and calling to express concerns.

The wallet allowed customers to buy and sell crypto from GameStop’s marketplace, such as Ethereum and NFTs. Were you even aware that GameStop sold digital currency or non-fungible tokens?

A cursory search of GameStop’s crypto dealings on YouTube brings up so few results that aren’t reaction channels dunking on the gaming store’s decision. The most we could find that was from a trusted source was found on CNBC.

A year ago, NFT and crypto projects were sprouting up almost daily. While some made a mint, most people weren’t as lucky.

It could be worse. Over the past few years, several celebrities and “gurus” have swindled unsuspecting crypto enthusiasts out of thousands. We recently learned that even after promising to refund customers, Logan Paul still hasn’t made good on his word.

[Source: CNBC] [Source: GameStop]


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Mike Phalin
Mike Phalinhttp://syxxsense.com
Longtime problematic entertainment journalist. The former workhorse for Dread Central, ScienceFiction.com, and Fanbolt.

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